DGAP-News: Metis Capital Ltd.: Shimon Harel included in liability insurance policy - Metis Real Estate sells further debentures

Metis Capital Ltd. / Miscellaneous

05.03.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Tel Aviv/ Israel; March 5, 2008 – Metis Capital Ltd. (Prime Standard: EIC;
TASE: MTSC) announces that on March 2, 2008, the Audit Committee and the
Board of the Company approved:

- The inclusion of Mr. Shimon Harel a director of the Company, in the
directors and officeholders liability insurance policy that Metis Capital
Ltd. holds or will effect in the future, on identical conditions to those
of other directors and officeholders of the Company (the 'Insurance
Resolution'). Harel may, for reasons of caution, be deemed to be a
controlling party of the Company by virtue of his joint holding with Amnon
Barzilai, (the controlling party of the Company) of Ofakim Capital Ltd.,
that holds some 47.72% of the issued share capital of the Company.

Please find more on the 'Insurance Resolution' on the corporate website: 
www.metis-capital.com 

- Payment to Mr. Harel of annual remuneration and remuneration for
participating in meetings, according to Regulations 4 and 5 of the
Companies Regulations (Rules for Remuneration and Expenses to Outside
Directors), 5760-2000 (the 'Remuneration Regulations'), pursuant to the
maximum amounts included in the Remuneration Regulations, existing from
time to time, and pursuant to the rating with which the Company will be
classified at the end of each financial year, as set out in the
Remuneration Regulations, and which, as of the date of this Report, is
rated C.

Please find more on the 'Remuneration Resolution' on the corporate website:

www.metis-capital.com 

- Pursuant to Regulation 1B.(5) of the Companies Regulations (Relief in
connection with in Transactions with Interested Parties), one or more
shareholders holding 1% at the least of the issued share capital or voting
rights of the Company may give notice of his objection to the grant of the
Relief, provided that the objection is lodged with the Company in writing,
not later than 14 days of the date of this Immediate Report.

In accordance with the Company's prospectus dated May 29, 2007, Metis
further announces that on March 3, 2008, Metis Capital Real Estate Ltd., a
fully owned subsidiary of the Company, sold NIS 149,737 worth of debentures
(series A) of the Company at a price of 97.80 NIS per 100 debentures. The
total sum received by the subsidiary is NIS 146,150 net of commissions.



Contact:
Metis Capital Ltd.
Yaakov Dovrat, CFO
Phone:  +972-3-537 3000
E-mail:  investor@metis-capital.com

Janina Wismar
Investor Relations
Phone: +49-40-60918650
E-mail: janina.wismar@kirchhoff.de


DGAP 05.03.2008 
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Language:     English
Issuer:       Metis Capital Ltd.
              30 Hamasger Street
              61090 Tel-Aviv
              Israel
Phone:        +972 (03) 537-3000
Fax:          +972 (03) 537-4000
E-mail:       investor@metis-capital.com
Internet:     www.metis-capital.com
ISIN:         IL0003570129
WKN:          936734
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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